Cloud storage company Nirvanix Inc. on Tuesday filed for Chapter 11 bankruptcy in Delaware federal court, the culmination of a startling flop for what was once seen as a high-flier among cloud startups.

The filing comes on the heels of a notice the company posted on its website last week saying that it was working with International Business Machines Corp. to either return customers’ data or help them move it to another cloud storage provider and would try to be available through October 15.

Nirvanix had raised more than $70 million in venture capital since its founding in 2007, according to VentureWire records. In May 2012 after the last funding round, which was $25 million, former Chief Executive Scott Genereux told VentureWire that Nirvanix was growing and headed toward profitability and a possible IPO. Read More »

Tech investor and entrepreneur Halsey Minor filed for Chapter 7 bankruptcy last week in U.S. Bankruptcy Court in Los Angeles, Venture Capital Dispatch has learned. Minor lists his liabilities as $50 million to $100 million, primarily in business debts, with assets in the $10 million to $50 million range.

This is not the first bankruptcy case for Minor–court records show cases in Virginia involving Minor Family Hotels and Carter’s Grove, a historic Virginia mansion that Minor had owned.

Minor was an early investor in Salesforce.com and founded CNET Networks, a news website that he sold to CBS in 2008 for $1.8 billion. He also founded Minor Ventures in San Francisco, a firm that made more than half a dozen investments in early-stage tech startups and sold one of them, GrandCentral Communications, to Google, which turned the technology into Google Voice. Read More »

The bankruptcy of Solyndra LLC, announced Aug. 31, 2011, was a major blow to investors, top executives, and employees of the once-promising solar company, as well as to government officials that provided major support.

Now, at the one-year anniversary of its stunning collapse, the Solyndra effect continues to be felt by those who got burned. Some of the financial backers have backed away from clean-tech investing, while key employees–including the two men who served as chief executives of the company and have laid low since its downfall–are still looking for the “next big thing.” Read More »

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Produced by the editors of Dow Jones VentureWire, Venture Capital Dispatch tracks the fast-moving developments at the intersection of high-tech innovation and venture capital finance. Featuring the VentureWire reporting team in the Silicon Valley, New York, Boston and Shanghai tech centers, Venture Capital Dispatch provides insight into the newest start-ups and latest trends in venture capital investing. Write us at VCdispatch@dowjones.com. For more information on Dow Jones products covering venture capital and other financial markets, go to http://pevc.dowjones.com.